BBG: Walmart’s booming China business paved way for JD.com split
BLOOMBERG reports: Walmart Inc. is flying so high on the strength of its Chinese operations that it’s ...
© Shannon Fagan
Alessandro Pasetti reports for Ti.com: “JD.com’s impressive growth rate continued in 2018, with net revenues hitting RMB462bn ($67.2bn), up 27.5%, and net service revenues of RMB45.9bn ($6.7bn) rising 50.5% against one year earlier. Most headline metrics of China’s second-largest online shopping services provider were in good order, and boosted its stock market value, which has risen well over 10% since the day its annuals were released at the end of February.”
Comment on this article